*APY= Annual Percentage Yield. SkyOne rates and terms are accurate as of 10.08.19 and are subject to change after the account is opened without notice. Comparison bank rates accurate as of 10.04.19.
Compounding and crediting: Dividends will be compounded every month. Dividends will be credited to your account on the last day of each month. Dividend period: For this account type, the dividend period is monthly. For example, if the beginning date of the first dividend period of the calendar year is January 1, the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above, is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $1.00. This account offers a set dividend rate of 2.23% with an Annual Percentage Yield (APY) of 2.25%. Dividends will be paid to the Sky-high Savings Account at a 2.23% rate with an APY of 2.25% provided a deposit of $1,000 or more is posted to your account each month. The deposit can be posted to any share account (suffix) within the same account to obtain the disclosed APY. There are no restrictions on the type of deposit method; direct deposit, remote check deposit, transfers, ACH, etc. are accepted to fund your account each month. During the month, if there is no deposit of $1,000 or more credited to the account, the dividend rate and APY will default to the Regular Savings Account APR and APY disclosed on the current rate sheet. Average daily balance computation method: Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly dividend period. Transaction limitations: During any month, you may not make more than six withdrawals or transfers to another credit union account of yours, or to a third party by means of a pre-authorized, automatic, or computer transfer, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above, your transaction may be declined or returned unpaid. Fees and charges: Fees may reduce earnings on the account. Please refer to our Schedule of Service Charges for additional information about charges. As required by Regulation D (Federal Reserve Board’s requirements for depository institutions), Savings and Money Market accounts have a maximum of six withdrawals or outgoing transfers per month. To learn more about this requirement, please refer to the Truth in Savings section of our All in One Disclosure.
^APY=Annual Percentage Yield. APY on certificates assumes quarterly compounding and is slightly less for terms less than 12 months. To earn 2.25% APY*, the Certificate must have a minimum amount of $1,000 and a minimum of 13-month term. Rates and terms are accurate as of 10.08.19 and are subject to change at any time. Credit Union membership is required. Unless you indicate otherwise, at the time of maturity the share certificate will be renewed to a 12-month term at the then-current rate in effect. In the event of a withdrawal before your certificate term matures: certificates with terms from six months to one year are subject to a penalty equal to a loss of 90 days dividends; certificate terms greater than one year are subject to a penalty equal to a loss of 180 days dividends; dividends will be paid prior to imposing the penalty. Early withdrawal penalties apply. Fees may reduce earnings on the account.
